Editor's PiCK
Paypal to Support Payments with Over 100 Types of Virtual Assets for Merchant Customers
Summary
- Paypal announced plans to support payment infrastructure for over 100 types of virtual assets.
- This new payment feature will allow various virtual asset payments such as Bitcoin and Ethereum using Coinbase, OKX, Phantom, and MetaMask wallets.
- Paypal highlighted the over $3 trillion virtual asset market and 650 million users, stating they aim to help virtual asset market participants access their customers.
Global payment platform Paypal plans to enable merchant customers to utilize infrastructure supporting payments with over 100 types of virtual assets (cryptocurrencies).
According to a Bloomberg report on the 28th (local time), Paypal’s virtual asset payment feature is set to be released in the coming weeks and will support cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USDC as payment methods, using wallets like Coinbase, OKX, Phantom, and MetaMask.
Frank Keller, General Manager of Paypal’s platform, stated, "The virtual asset market has grown to a scale of over $3 trillion, with 650 million users worldwide. We wanted to enable participants in the rapidly growing virtual asset market to access our customer base," he said.
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